About
Explain the basics of finance to your team members. This course is ideal for finance professionals looking for an introduction for junior or non-finance colleagues ot those who want to check how to explain financial concepts to colleagues. The course explains the use of documents such as the profit statement, the balance sheet and cash flow analysis, and the link between them as well as budgetary control, standard costing and discounted cash flow evaluations.
CPD: 4 hours
Full Programme
Introduction
- Why is accountancy important?
- What kinds of accountancy are there?
- Who are the stakeholders?
- What is double entry book-keeping?
- What is the relationship between profit and cash flow?
- What is good financial management?
Financial accounting
- What are the kinds of net assets?
- What is the difference between capital expenditure and revenue?
- Is a cost direct or indirect?
- How do we appropriate profit?
- How do we create the balance sheet and cash flow statement?
- How does the flow of funds work?
The basics of control
- What are the levels of control?
- What are the elements of control?
- What are the key forecast relationships?
- How does costing work?
- What is standard marginal costing?
Some practicalities
- How are management accounting systems structured?
- How do I control the budget?
- How do I control assets?
- How important is discounted cash flow?
Course leader
David Allen CBE, MPhil, FCMA, FCIS was employed for many years by the Cadbury Schweppes group, holding directorships of various companies, latterly Cadbury Ltd. Whilst with the group, he coined the expression Strategic Financial Management to refer to an approach which enabled the finance function to play a proactive role in the formation and monitoring of strategy, and offered an antidote to short-termism.
During that period he was also president of the Chartered Institute of Management Accountants (CIMA), chairman of the Management Accounting stream of the International Federation of Accountants, a visiting professor at Loughborough University Business School and a member of the Review Panel of the Financial Reporting Council.
He retired from all of the above in order to concentrate on the promulgation of the concept and practice of Strategic Financial Management, through the medium of S. F. M. Ltd. This involved writing, lecturing and consulting, and led to a number of non-executive directorships in private and public sectors.
Booking information
Course price
£75 + VAT (Non-members)
The Chartered Governance Institute UK & Ireland Members and Students get a discount of 10% with the code ICSA101